NEW YORK Free-market
aluminum scrap prices saw mixed trends Monday, with spotty
demand pushing some grades down while other grades rose as some
consumers sought to beat the holiday slowdown.
Old sheet increased to a range
of 72 to 74 cents per pound from 71 to 73 cents previously,
while high-grade turnings moved up to 70 to 72 cents per pound
from 69 to 71 cents.
Prices for 5052 segregated clips
dropped to 96 to 98 cents per pound from 97 to 99 cents, while
mill-grade mixed low-copper clips widened to 82 to 84 cents per
pound from 83 to 84 cents.
Used beverage cans (UBCs)
tightened up to 80 to 81 cents per pound picked up, with major
consumers saying they were purchasing UBCs for January
While most scrap market
participants reported quiet trading activity, one scrap buyer
said his company was pushing prices on some items in order to
keep material flowing.
A second scrap buyer said his
company was continuing to buy at a regular rate in anticipation
of higher prices in January.
"I dont think there will
be any buying going on next week. All the buying will be done
this week," he said.
Meanwhile, alloy prices were
unchanged, with A380.1 steady at $1.02 to $1.03 per pound.
"The spread between old cast and
A380.1 is close to where it should be, maybe off by a penny or
two," one alloy producer said. "They say we need $1.04, but
theyll take $1.03."
Old cast was unchanged in a
range of 74 to 76 cents per pound.
The cash North American special
aluminum alloy contract (Nasaac) closed the London Metal
Exchanges official session Tuesday at $1,911 per tonne
(86.7 cents per pound), down 3.7 percent from Fridays
close at $1,985 per tonne (90 cents per pound).